Westpac BusinessPlus Mastercard with hotpoints Review

Keep your business expenses separate, earn rewards and get protection on new business purchases.

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20.95% p.a.

Purchase Rate

$100 p.a.

Annual Fee


Minimum Income


Product NameWestpac BusinessPlus Mastercard
Balance Transfer Limit95%
Purchase Rate20.95% p.a.
Interest Free PeriodUp to 55 days on purchases
Min credit limit$500
Minimum Monthly Payment2% of transaction value or $5, whichever is greater
Minimum Income$15,000
Card TypeMastercard
Late Payment Fee$8
Available To Temporary ResidentsNo
Complimentary Travel Insurance Cover35 days
Joint ApplicationYes

Benefits of the Westpac BusinessPlus Mastercard with hotpoints

  • Earn hotpoints. For every $1 you spend on your BusinessPlus Mastercard you earn 1.25 hotpoints. Once you have accumulated hotpoints you can redeem them for yourself or your business for goods including travel rewards, vouchers, gifts and merchandise. You can also gift your hotpoints to charity or contribute them to your KiwiSaver account.
  • Overseas travel insurance. When you use your card to book prepaid travel expenses such as flights and accommodation you could qualify for travel insurance for trips of up to 35 days.
  • Purchase protection. Purchase Protection Insurance gives you up to 90 days of cover for business credit card purchases that are lost, stolen or damaged. You can also extend the manufacturer’s warranty on goods for up to 12 months.
  • Account fee waiver. If you have a personal Westpac hotpoints Platinum Mastercard, you are not charged an account fee for your BusinessPLUS card.
  • Additional or joint card. Maintain your visibility of spend by adding a card for your business partner or up to 5 employees.
  • Interest-free days. Get up to 55 days interest-free on business purchases when you pay off your statement balance each month.
  • Share your transaction data. If you use an accountant, you can share your transaction data securely with BankLink.

Features of the Westpac BusinessPlus Mastercard with hotpoints

  • Interest rate. An interest rate of 20.95% p.a. applies to purchases and an interest rate of 22.95% p.a. applies to cash advances.
  • Annual account fee. The Westpac BusinessPlus Mastercard with hotpoints has an annual account fee of $100. Additional and joint credit cards have an annual account fee of $25.
  • Balance transfer. If you have an outstanding balance on another provider’s credit card, you can apply to transfer this balance to your BusinessPLUS Mastercard with hotpoints. If successful, you only pay 5.95% p.a. on the balance until you pay it off.
  • Link your accounts. If you have other Westpac accounts, you can link them to your BusinesPLUS card for ATM and checkout access.

How to apply

If you are ready to apply for the Westpac BusinessPlus Mastercard with hotpoints, first make sure that you meet the eligibility criteria and have the required documents. You should also review the interest rate, fees and features of the card, as you are personally responsible for credit made available to you by Westpac, even if the card has a business name on it. Also, take a look at other credit cards, so you can compare your options.

To start your application, you can visit a Westpac branch, contact Westpac by phone or complete a form online.

Eligibility criteria

  • Be at least 18 years of age
  • Be a New Zealand citizen or permanent resident
  • Have an income of at least $15,000 per year

Required documents

If you receive approval for the application, you need to verify your identity and income at a Westpac branch. It would help if you had the following documents ready:

  • Photo ID: A New Zealand driver’s licence or passport
  • Proof of address: A recent utility bill, government letter or bank statement
  • Proof of income: Westpac recommends that you have three months worth of bank statements

The bottom line

Having your business expenses separate from your personal expenditure makes life a lot easier for whoever manages your accounts. Using the Westpac BusinessPlus Mastercard with hotpoints means you can have better visibility on business spend but still enjoy credit card benefits. You can earn hotpoints on all eligible spending and can be redeemed for a range of rewards for you or your business. In addition, the Westpac BusinessPlus Mastercard with hotpoints comes with Purchase Protection Insurance and Extended Warranty Insurance, plus you qualify for overseas travel insurance when you meet certain terms and conditions.

Compare other credit cards

Name Product Purchase Rate Annual fee Balance Transfer Rate
Q Mastercard
0% for 3 months (changes to 25.99% p.a.)
0% p.a. for 36 months
0% p.a. for 36 months on balances transferred from eligible personal credit cards until 30 November 2021 - offer applies to new customers only. Plus get 3 months zero interest and zero payments on every purchase.
American Express Airpoints Platinum Card
19.95% p.a.
Be rewarded with 500 bonus Airpoints Dollars when you apply by 29 November 2021 are approved, and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members only. Ts&Cs apply. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
Farmers Mastercard
25.95% p.a.
Get $100 worth of Farmers Club Vouchers when you spend and link your card to a Farmers Club Card - offer is for new applications only and ends on 31 October 2021.
Flight Centre Mastercard
22.95% p.a.
Use your Flight Centre Mastercard for everyday shopping and earn rewards as you spend. Earn 2 Flight Centre rewards for every $100 spent at a Flight Centre Store and 1 reward point for standard purchases. Subject to lending criteria. Ts&Cs apply.
American Express Airpoints Card
0% for 6 months (changes to 19.95% p.a.)
Be rewarded with 100 bonus Airpoints Dollars when you apply by 28 February 2022, are approved and sped $750 on your new card within the first 3 months of membership. This offer is available to new Card Members only.
American Express Platinum Edge Credit Card
2.99% for 6 months (changes to 19.95% p.a.)
Enjoy a low rate on purchases and earn 20,000 Membership Rewards Bonus Points if you apply, are approved and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.
American Express Platinum Card
Get the new metal Platinum Card, 80,000 Membership Rewards bonus points, up to $300 dining credit and $200 to spend on travel each year. Offer available to new customers who apply online, are approved and spend at least $1,500 in the first 3 months. Exclusions, Ts&Cs apply.
The Co-operative Bank Fair Rate Credit Card
12.95% p.a.
0% p.a. for 6 months
0% p.a. on balance transfers for 6 months, plus benefit from a low rate of 12.95% on both purchases and cash advances.

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